Jun. 2, 2011 (Canada NewsWire Group) --
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/
CALGARY, June 2, 2011 /CNW/ - Wavefire.com Inc. (the "Company") (TSXV: WAF) is pleased to announce that at the Annual General and Special Meeting of Shareholders held on May 31, 2011 the shareholders approved the Company's name change to Butte Energy Inc. The board of directors of the Company intends to implement the name change in the near future. In connection with this change the Company will apply to the TSX Venture Exchange for a new trading symbol.
The Company has also granted incentive stock options to its employees and directors to acquire 1,150,000 common shares at an exercise price of $0.30 per share, for a period of three years pursuant to the Company's Stock Option Plan. The options vest as to one-third on the date of grant, one-third a year thereafter and one-third two years thereafter.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the
adequacy or accuracy of this release
Wavefire.com Inc.
Chris Reimchen, CFO
Tel: (403) 541-5317